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Reply to "I am considering buying a rental property. Talk me out of it."
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[quote=Anonymous]Best investment i ever made. Cash flow positive for 5 years, sold the house for 300k over the original purchase price and the tenant paid down a significant portion of the principal. I never used a management company. Had toe tenants, i was very particular. Both families were military. Both left the house in the same condition the got it. To get good tenants you must chose wisely and discriminate (not on raxe, but other factors). Type of job, family structure, credit, income, andnthen gut.[/quote]
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